giggle ..giggle....laugh..splutter..choke...cough:pcough :p .. ...:D:t_up: Loved it
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They are sustaining 41c - I cant put my finger on why. Must be past faith in the company? There was a time when they were a company NZ was proud of (eg all over the news)
One rescue option is to get Chinese Huawei to buy some of RAK.
Why would Hauwei want to own Rakon when it can obtain Rakon's products at cost?
Note that there's been no follow up on the big hoopla announcement nearly 4 months ago of the US$56m Huawei contract. In fact, there was deafening silence from the directors and management in their November update to shareholders.
Anyone who ever deals with the China Chinese knows that a LOI means absolutely nothing. It usually means giving the Chinese access to confidential information!
I see that Bryan Mogridge has been acknowledged in NBR's Shoeshine Awards of 2012.
Downward revision of forecast... constantly disappointing
25% to 43% profit downgrade.
From $14m to $16m, down to $8m to $12m.
Delayed sales program and decline in margins!
What next? Their products are now officially acknowledged by the board and management as commodities?
Just like with all electronic products where there's ongoing price deflation and increased production and competition?
Whatever happened to that big hoopla Huawei deal?
Suspect the company is going to have to raise some capital soon.
Any word leaking out will see the sp down to 20 cents.
The company's position looks terminal unless something drastic is done and Mr George Mogridge will not be able to reverse the company's fortunes. Oops - I mean Bryan Kerr. No - I mean Bryan 'NBR award' winning Mogridge.
BTW - NBR awarded Mogridge's mate, George, the award of "Flash Harry Yellow Belly Tail Between The Legs" award - or something like that.